Press Release

Southern Farm Bureau Selects Guidewire Products to Enhance its Core System Processing, Data and Analytics, and Digital Capabilities

Multi-state southeastern commercial and personal insurer to use Guidewire systems to better understand and serve their markets

RIDGELAND, Miss. and FOSTER CITY, Calif., June 8, 2016

Southern Farm Bureau Casualty Insurance Company, a leading provider of Property and Casualty insurance in the U.S., and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that Southern Farm Bureau has selected Guidewire core processing, data and analytics, and digital engagement products. Ernst & Young LLP, a Guidewire PartnerConnect™ Consulting Premier member, has been selected to lead the implementation.

Southern Farm Bureau selected Guidewire PolicyCenter® and Rating Management as its underwriting, rating, and policy administration platform. With this selection, the company is now a full Guidewire InsuranceSuiteTM customer. Southern Farm Bureau has also selected Guidewire DataHubTM and InfoCenter as its enterprise-wide data management and business intelligence solution and included Guidewire Gateway Portal™ for Agents and Quote and Buy Portal for Policyholders to enhance the digital experience of its agents and customers. Southern Farm Bureau completed its initial deployments of Guidewire ClaimCenter® and Guidewire BillingCenter® in May 2014. The company is currently completing its rollout of BillingCenter for all lines of business across its six regional companies in Florida, South Carolina, Arkansas, Mississippi, Colorado, and Louisiana, and will implement PolicyCenter for its farm, personal auto and property lines of business in those states.

“We are excited to continue our partnership with Guidewire through the selection and implementation of PolicyCenter and its Data and Digital products to help to better understand our markets and enhance the service we provide,” said Geoff Mercer, senior vice president, Technology, Southern Farm Bureau. “We are looking forward to all of the benefits we will receive from running these modern systems that complement our previous investments in ClaimCenter and BillingCenter.”

Guidewire’s systems will enable Southern Farm Bureau to:

  • Benefit from a suite of smartly integrated systems built on a modern technology platform designed to grow and change with its business;
  • Improve the ease of doing business for staff through the deployment of self-service options that will enable them to access reports and conduct queries independently;
  • Empower agents and policyholders with quoting and policy management capabilities; and
  • Improve market responsiveness and lower total cost of ownership.

“The EY team first started working with Southern Farm Bureau on its ClaimCenter program deployment, and we are thrilled to continue on with the company’s next phase of core system transformation,” said Brajesh Kumar, Principal, Ernst & Young LLP. “We look forward to very successful PolicyCenter, Rating and Digital implementations.”

“We appreciate Southern Farm Bureau’s decision to extend their relationship with us and welcome them as a full InsuranceSuite customer,” said Steve Sherry, senior vice president, Worldwide Sales, Guidewire Software. “We applaud the company’s commitment to help ensure their ability to compete in the rapidly changing insurance marketplace, and we look forward to working with them and EY on this project.”

About Southern Farm Bureau Casualty

Southern Farm Bureau Casualty Insurance Company (SFBCIC) is a multi-line regional property and casualty insurance company operating directly and indirectly in six states: Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina. SFBCIC was established 65 years ago to provide quality service and competitive products for its policyholders and is rated A+ by A.M. Best Company. For additional information about Southern Farm Bureau, visit www.sfbcic.com.

About EY

The global EY organization is a leader in assurance, tax, transaction, legal, and advisory services. We leverage our experience, knowledge and services to help build trust and confidence in the financial markets and in economies all over the world. We are ideally equipped for this task – with well trained employees, strong teams, excellent services and outstanding client relations. Our global mission is to drive progress and make a difference by building a better working world – for our people, for our clients and for our communities.

The global EY organization refers to all member firms of Ernst & Young Global Limited (EYG). Each EYG member firm is a separate legal entity and has no liability for another such entity’s acts or omissions. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information, please visit www.ey.com

Ernst & Young LLP is a member firm serving clients in the US.

About Guidewire Software

Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. As of the end of our fiscal year 2019, we were privileged to serve more than 380 companies in 34 countries. For more information, please visit www.guidewire.com. Follow us on Twitter: @Guidewire_PandC.